TELEDYNE TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – in millions) |
||||||
|
January 2, 2022 |
January 3, 2021 |
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ASSETS |
|
|
||||
Cash and cash equivalents |
$ |
474.7 |
$ |
673.1 |
||
Accounts receivable, net |
|
1,083.8 |
|
624.1 |
||
Inventories, net |
|
752.9 |
|
347.3 |
||
Prepaid expenses and other current assets |
|
118.0 |
|
78.1 |
||
Total current assets |
|
2,429.4 |
|
1,722.6 |
||
Property, plant and equipment, net |
|
827.5 |
|
489.3 |
||
Goodwill and acquired intangible assets, net (a) |
|
10,728.3 |
|
2,559.7 |
||
Prepaid pension assets |
|
123.7 |
|
67.9 |
||
Other assets, net |
|
337.1 |
|
245.3 |
||
Total assets |
$ |
14,446.0 |
$ |
5,084.8 |
||
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
||||
Accounts payable |
$ |
469.5 |
$ |
229.1 |
||
Accrued liabilities |
|
1,014.2 |
|
434.2 |
||
Current portion of long-term debt and other debt |
|
— |
|
97.6 |
||
Total current liabilities |
|
1,483.7 |
|
760.9 |
||
| Long-term debt, net of current portion |
|
4,099.4 |
|
680.9 |
||
| Other long-term liabilities |
|
1,240.9 |
|
414.4 |
||
| Total liabilities |
|
6,824.0 |
|
1,856.2 |
||
| Total stockholders’ equity (b) |
|
7,622.0 |
|
3,228.6 |
||
| Total liabilities and stockholders’ equity |
$ |
14,446.0 |
$ |
5,084.8 |
||
| a) |
The increase in goodwill and acquired intangible assets, net primarily reflects the estimated amounts related to the acquisition of FLIR on May 14, 2021. |
| b) |
The increase in total stockholders' equity primarily reflects the value of Teledyne common stock issued in connection with the acquisition of FLIR on May 14, 2021. |
